National Retail Properties (NNN), one of the REITs in the e-FinancialWriter portfolio, declared a quarterly dividend of 39.5 cents per share payable November 15, 2012 to common shareholders of record on October 31, 2012. The dividend represents an annualized rate of $1.58 per share.
It is interesting to note that National is one of only four publicly traded REITs and 104 publicly traded companies in America to have increased annual dividends for 23 or more consecutive years. And its dividend growth rate over the past three years is 1.11% vs. -7.31% for the industry’s average.
National invests primarily in high-quality retail properties subject generally to long-term, net leases. As of June 30, 2012, the company owned 1,506 Investment Properties in 47 states with a gross leasable area of approximately 17.8 million square feet.
Since adding it to the Portfolio on January 29, 2012, it is up 17%.
The next earnings announcement from National is expected the week of November 5, 2012.